Response to SFC Consultation on Climate-related Risks
Under the “Consultation Paper on the Management and Disclosure of Climate-related Risks by Fund Managers” issued at the end of October 2020, Hong Kong Securities and Futures Commission (SFC) has proposed to introduce specific regulatory requirements on Hong Kong licensed fund managers to take into account climate-related risks in investment and risk management processes, make […]
2020 A-List Elite-100 lawyers China practice
China Business Law Journal A-List China Elite-100 (foreign lawyer) We are delighted to start the 2021 work year with the news that our Managing Partner Vivien Teu is named in the A-List China Elite 100 lawyers (foreign firm) 2020, based on extensive research conducted by the China Business Law Journal, with input from thousands of in-house […]
Hong Kong SFC proposes enhancements to competency framework of intermediaries and market practitioners
The Securities and Futures Commission (SFC) has launched a consultation on “Proposed Enhancements to the Competency Framework for Intermediaries and Individual Practitioners” on 11 December 2020 (Consultation Paper). The consultation is open for comments for two months. Public comments are required to be submitted to SFC no later than 10 February 2021. The following key […]
Stewardship & Principles of Responsible Ownership
Stewardship is about the exercise of shareholders or investors rights, and on investment managers or asset owners as institutional investors as stewards of capital, and that it is part of fiduciary duty to vote as investors or engage with investee companies with a view to generating value or return from investments to clients or beneficiaries. […]
Hong Kong Green or ESG Investing & SFC Authorised Funds
The Hong Kong Securities and Futures Commission (SFC) issued its Strategic Framework for Green Finance (the Framework) on 21 September 2018, aiming to develop green finance in Hong Kong, and considering that Hong Kong is well positioned to complement Mainland China’s green development ambitions and to connect green finance flows between Mainland and the rest […]
Hong Kong Limited Partnership Fund Structure
Hong Kong Legislative Council has on 9 July 2020 passed the new legislation which introduced the Hong Kong limited partnership fund (LPF) structure, making available a new Hong Kong domiciled fund type for alternative investment funds, in particular private equity funds which are typically structured as limited partnerships. With effect from 31 August 2020, the […]
Tax in the transparent world: a review and update on automatic exchange of information
Traditionally, business owners and investors have tended to diversify wealth and investments outside of their home jurisdictions, and the use of holding structures, with offshore companies, offshore accounts and/or trusts, or a combination thereof, is relatively common place, across many jurisdictions and has been existing for a long time. It is usual to involve handing […]
Remote onboarding
On 28 June 2019, the Securities and Futures Commission of Hong Kong (“SFC”) issued (i) a circular to intermediaries on ‘Remote onboarding of overseas individual clients’ (“the Circular”), and also (ii) a circular on corresponding amendments to paragraph 5.1 of the Code of Conduct for Persons Licensed by or Registered with the Securities and Futures […]
Enhanced Requirements on Complex Products
From 6 July 2019, the Guidelines on Online Distribution and Advisory Platforms (“Guidelines on Online Platforms”) issued by the Securities & Futures Commission (“SFC”) would become effective, within which outlines the SFC’s further guidance on the expected conduct requirements on intermediaries offering investment products on online platforms, and where the SFC introduced specific requirements with […]
聚焦香港资产管理
香港的资产管理和基金行业在开放式基础框架下发展成熟并取得成功。这不仅反映在香港接纳和认可基金经理的海外资格和不同市场的经验以在香港设立基金管理公司，也体现在香港对基金设立地采取的中立和不设限制的态度上。在这样的背景下，香港得以发展成为一个世界金融中心，吸引众多的国际机构和集团在此设立资产管理公司。中国大陆的基金公司也在近年纷纷加入其中，到香港来成立资产管理平台，以香港作为中心开拓境外及国际市场。 最近，香港在提升其作为国际金融中心的竞争力和巩固其作为中国大陆门户的地位方面所作的努力使得现状有所改变。国际监管和财务方面的合作也存在新的发展。 本文中我们概要聚焦香港作为一个国际资产管理中心在资产管理领域的主要特点和变化，为资产管理机构将香港纳入其全球策略提供一定的参考依据，并希望有助考虑在香港展开业务的资产管理人探讨香港的潜在新优势。